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Bank of America Global Research discusses its expectations for USD/CAD around tomorrow's Canada jobs report for the month of January.
Source: https://www.forexlive.com/news/trading-canada-employment-data-on-friday-bofa-20230209/
BofA Global Research warned the Fed could even hike interest rates to nearly 6%.
“For most central banks the risk is that they have tightened too little, not too much,” economists led by Ethan Harris wrote in a BofA Global Research report.
LONDON (Reuters) - Investors poured cash into bonds and stocks in the week to Wednesday, showing conviction in both asset classes, a report from BofA Global Research showed on Friday, while they shed cash and gold.